7 major takeaways
The finance ministry reiterated the central government still has “room” to raise debt and the fiscal deficit, but didn’t reveal any broad-based stimulus measures markets were hoping for.
The headline policies announced at the ministry’s conference were as follows:
1) Allocate 400 billion yuan (US$56.57 billion) from the local government debt balance limit to expand local financial resources.
2) Tap funding fr...